Simple answer – YES.
Think about what you have built your business up to – it is likely your major investment plan for your retirement – when an employee on a suspended license has yet another accident and this one is bad. Sure, you have insurance but will it be enough? What about the damage to your business reputation, could this one incident close your doors?
Whether you have a fleet of company vehicles, or you let your employees use their personal vehicles for your business the risks are huge. If an employee is driving a company vehicle home and can use the vehicle for personal exposures increases the likelihood of a loss. An employee using their personal vehicle with signage on their vehicle also increases the business risk.
EMPLOYEES DRIVING COMPANY VEHICLES
EMPLOYEES DRIVING THEIR PERSONAL VEHICLES FOR YOUR BUSINESS
What determines if a driver is OK (from a standard insurance perspective) to operate a commercial vehicle?
= OK =
Key Coverages - Commercial Auto Liability policies that include Hired/Non-owned Auto Liability will protect a business if their employees are driving their personal vehicles on behalf of the business. You don't have any business vehicles? You still have a business exposure if even you, the business owner are driving your personal vehicle on behalf of ANY business purpose. Many insurance companies will even endorse the General Liabllity for Hired/Non-owned Auto Liability if the business doesn't own a vehicle.
In either case – business needs to evaluate their risk potential and make sure that the limits of liability are adequate to avoid that one single event that could impact your business and you.